Dealmakers are not waiting for Donald Trump’s policies of tax cuts and relaxed regulation to come into effect.
Tag: Economy
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CAR MARKET UPSET: BYD SETS SALES RECORD, TESLA SLUMPS
BYD, China’s premiere maker of hybrid and electric vehicles (EVs), saw its sales rocket up 58 percent in this year’s first quarter, the company said. Sales of pure EVs rose 39 percent.
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OPEC+ WILL BOOST OUTPUT IN MAY AS OIL PRICES TANK
Meeting on 4 April, two days after Donald Trump announced his tariff war, ministers from eight member countries of the Organization of Petroleum Exporting Countries and their allies (OPEC+) agreed to increase oil production by 411,000 barrels a day beginning next month.
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SPECIAL REPORT: TRUMP’S TARIFFS, THE UPS AND DOWNS, FOR BETTER AND FOR WORSE
U.S. president Donald Trump has announced a 10-percent tariff on all goods entering the country and has custom-tailored higher rates on about 60 countries Trump sees as putting “unfair” tariffs, taxes, or regulatory restrictions on U.S. imports.
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SPOTLIGHT: BIGS GETTING BIGGER
Elon Musk’s two-year-old xAI startup has bought the Musk-owned X social media platform, formerly known as Twitter, for $45 billion in stock.
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SPOTLIGHT: TRUMP’S TRADE WAR
The European Union (EU) is preparing a list of concessions to offer Donald Trump in exchange for easing or lifting tariffs on vehicles and other items that are already in effect and scheduled to rise on 2 April.
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TOP TREND 2024, A GOLDEN YEAR FOR GOLD: INDIA’S INVESTORS FLOCK TO GOLD AS STOCK MARKET TANKS
India’s investors are shifting their portfolios toward exchange-traded funds (ETFs) focused on gold as the country’s equity market has crashed. (See “Trillion-Dollar Sell-Off Hits India’s Stock Markets,” 18 Mar 2025.)
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FOREIGN INVESTORS ARE RETURNING TO CHINESE STOCKS
China’s sudden emergence as a global player in artificial intelligence, combined with Beijing’s easier hand of regulation, is drawing foreign investors back to Chinese equities.
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SPOTLIGHT: BIGS GETTING BIGGER
Google is paying $32 billion in cash to buy Wiz, a noted cybersecurity startup. The purchase not only improves Google’s cloud services’ security but also leads the company beyond its search engine and Internet services businesses.